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Xist · 04-14-2019, 10:31 PM

Good point about A-B-A math.

At what point did Turnip talk about a flat tax? He has said all kinds of things and has contradicted himself in the same sentence.

I tried to find a source for that and encountered this: https://www.investopedia.com/taxes/h...s-under-trump/

All companies are supposedly taxed at 15%, but I cannot find any confirmation. This says that up to 20% of LLC income can be designated non-salary income and is exempt from self-employment tax: https://www.thestreet.com/personal-f...s-llc-14821236

I finally figured out my password, but now I cannot get into TurboTax.

04-14-2019, 10:31 PM	#5 (permalink)
Xist Not Doug Join Date: Jun 2012 Location: Show Low, AZ Posts: 12,186 Chorizo - '00 Honda Civic HX, baby! :D 90 day: 35.35 mpg (US) Mid-Life Crisis Fighter - '99 Honda Accord LX 90 day: 34.2 mpg (US) Gramps - '04 Toyota Camry LE 90 day: 35.39 mpg (US) Don't hit me bro - '05 Toyota Camry LE 90 day: 29.44 mpg (US) Thanks: 7,225 Thanked 2,217 Times in 1,708 Posts	Good point about A-B-A math. At what point did Turnip talk about a flat tax? He has said all kinds of things and has contradicted himself in the same sentence. I tried to find a source for that and encountered this: https://www.investopedia.com/taxes/h...s-under-trump/ All companies are supposedly taxed at 15%, but I cannot find any confirmation. This says that up to 20% of LLC income can be designated non-salary income and is exempt from self-employment tax: https://www.thestreet.com/personal-f...s-llc-14821236 I finally figured out my password, but now I cannot get into TurboTax.